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2014 Minnesota Statutes
Chapters 59A - 79A — INSURANCE
Chapter 60A — GENERAL INSURANCE POWERS
Section 60A.1285 — OTHER IMPAIRMENTS.
MN Stat § 60A.1285 (2014) What's This?
60A.1285 OTHER IMPAIRMENTS. If distressed or delinquent mortgage loans being valued according to section 60A.123, subdivisions 3 and 4, are determined to be permanently impaired, a direct write-down must be recognized as a realized loss, and a new cost basis established.
History:2000 c 350 s 7
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